Every material Form 8-K Victory Capital Holdings filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Victory Capital reported third-quarter 2025 results on November 6, 2025, with revenue of $361.2 million, up 60.1% from a year earlier. The company attributes the higher revenue to higher average assets under management following its April 1, 2025 acquisition of Amundi US. GAAP diluted EPS was $1.11, down from $1.24 a year earlier, while adjusted net income with tax benefit per diluted share rose to $1.63 from $1.35.
Revenue of $361.2 million, up 60.1% from $225.6 million a year earlier and up 2.8% from $351.2 million in the second quarter.
GAAP net income of $96.5 million, up 17.8% from $82.0 million; GAAP operating margin of 38.2%, down from 53.3%.
GAAP diluted EPS of $1.11 versus $1.24 a year earlier; adjusted net income with tax benefit per diluted share of $1.63 versus $1.35.
Board approved a regular quarterly cash dividend of $0.49 per share, payable December 23, 2025, to holders of record on December 10, 2025.
Victory Capital Holdings amended its credit agreement on September 23, 2025, extending its $100 million revolving credit facility to September 23, 2030 and lowering the drawn interest rate margin by 0.25% per annum. The company also refinanced existing term loans with $985 million of replacement loans maturing September 23, 2032, priced at SOFR plus 2.00% or an alternate base rate plus 1.00%. The filing describes debt terms and maturities rather than operating results, so its direct effect on shareholders is limited to the new financing terms.
Sixth Amendment to Credit Agreement signed September 23, 2025 with Bank of America, N.A. as administrative agent
Revolving facility maturity extended from March 31, 2026 to September 23, 2030; drawn margin reduced by 0.25% per annum
Repriced term loans total $985,000,000, maturing September 23, 2032, at SOFR plus 2.00% or alternate base rate plus 1.00%
Victory Capital reported second-quarter 2025 revenue of $351.2 million, up 59.9% from a year earlier, after closing its Amundi US acquisition on April 1, 2025. GAAP net income fell 21% to $58.7 million and GAAP diluted EPS was $0.68 versus $1.12, as higher variable operating expenses and acquisition and restructuring costs pushed the GAAP operating margin down to 26.8%. The board raised the share repurchase authorization to $500 million and approved a $0.49 quarterly dividend.
Revenue was $351.2 million, up 59.9% from a year earlier and from $219.6 million in the first quarter of 2025.
GAAP diluted EPS was $0.68 versus $1.12 a year earlier; adjusted net income with tax benefit per diluted share was $1.57 versus $1.31.
GAAP operating margin was 26.8% versus 50.4%; acquisition-related costs were $25.8 million and restructuring and integration costs were $14.0 million.
The share repurchase authorization rose from $200.0 million to up to $500.0 million; the $0.49 dividend is payable September 25, 2025.
Victory Capital reported first-quarter 2025 results, with revenue of $219.6 million, up 1.7% from a year earlier but down from $232.4 million in the fourth quarter of 2024. GAAP diluted earnings were $0.96 per share, up from $0.84 a year earlier but down from $1.17 in the prior quarter, and the board raised the quarterly dividend to $0.49 per share.
Revenue of $219.6 million, up 1.7% from $215.9 million a year earlier and down from $232.4 million in Q4 2024
GAAP net income of $62.0 million, or $0.96 per diluted share, versus $0.84 in Q1 2024 and $1.17 in Q4 2024
Adjusted net income with tax benefit of $88.1 million, or $1.36 per diluted share, versus $1.25 a year earlier
Quarterly cash dividend raised to $0.49 per share, payable June 25, 2025, to holders of record on June 10, 2025
Victory Capital completed its acquisition of Amundi US on April 1, 2025, issuing Amundi 17.6 million shares, or 21.2% of fully diluted equity, with additional shares expected over six months to bring Amundi's stake to 26.1%. The company raised its net expense synergy target to $110 million from $100 million and expects to achieve it sooner than originally planned. Existing shareholders will own a smaller share of the company, and two Amundi designees joined the board.
Closed April 1, 2025; issued 3,293,471 common shares (4.9%) and 14,305,982 non-voting Series A convertible preferred shares, together 21.2% of fully diluted shares
Net expense synergy target raised from $100 million to $110 million; about $50 million achieved at closing
Pioneer Investments generated 2024 revenue of $544 million and had $119 billion in assets under management as of February 28, 2025
Robert Hurst retired from the board effective April 1; Céline Boyer-Chammard and Dominique Carrel-Billiard joined as Amundi designees
Victory Capital reported fourth-quarter 2024 revenue of $232.4 million, up 12.9% from a year earlier, and GAAP net income of $76.9 million, or $1.17 per diluted share, up 39.4% from $55.2 million. Compared with the third quarter, net income fell 6.2%, and the company cited a $15.6 million increase in compensation-related expenses. The board also approved a new $200 million share repurchase plan and a 7% increase in the quarterly dividend to $0.47 per share.
Q4 2024 revenue $232.4 million, up 12.9% from $205.8 million in Q4 2023
GAAP diluted EPS $1.17 for Q4 2024, versus $0.82 in Q4 2023 and $1.24 in Q3 2024
Adjusted net income with tax benefit per diluted share $1.45, versus $1.15 a year earlier
New $200 million share repurchase plan; quarterly dividend raised to $0.47, payable March 10, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Victory Capital Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →